earnings
confidence high
sentiment positive
materiality 0.85
Watts Water Q3 record sales $487.8M, adj. EPS $1.79, raises FY2022 outlook
WATTS WATER TECHNOLOGIES INC
2022-Q3 EPS reported
$5.43
revenue$1,477,600,000
- Sales $487.8M (+7% reported, +12% organic); GAAP net income $58.7M (+27%).
- GAAP diluted EPS $1.75 (+28%); adjusted EPS $1.79 (+29%).
- GAAP operating margin 16.5% (+230 bps); adjusted operating margin 16.8% (+240 bps).
- Full-year 2022 outlook raised: organic revenue growth 11-12%; adj. operating margin expansion 190-210 bps.